Paying taxes is an activity done by all but enjoyed by no one and it’s therefore no wonder that people are constantly trying to find legal methods to pay less tax.
However, when it comes to saving your hard earned money from the taxman, one really needs to look no further than travel allowances. Many employees use their own personal vehicles to carry out business related tasks on a day-to-day basis and the scarily exciting thing is that it is perfectly legal to claim an allowance on this expense! However, there are some finer details to be processed before one becomes eligible for this tax saving method: Continue reading “Travel Allowance Recipients”
Lately, the South African government has been looking to address the prevalent problem in our society of both individuals and households simply refusing to save a large enough portion of their income. The government’s solution to this problem? New tax free investments made available to all!
It’s tax time, which means it is also 
Investing in a retirement annuity fund is not only a fantastic way to ensure your own long term financial future but can also, ultimately, save you money today through the various tax benefits it affords.
Between the 25th and 27th of February next year, SARS offices around the country will be swamped with business owners and accounting professionals as they brave the long lines to submit their VAT and provisional tax returns.
As the first two weeks of December roll by and companies prepare to wrap up business for the year, business owners often find themselves thinking about the year ahead – and one of the best ways to ensure that 2015 is a successful year in business is by scheduling an early planning session in the New Year. 
In our previous blog post we outlined some of the differences between traditional company tax and the new turnover tax that SARS recently introduced. Now that we’ve covered the basic differences between these two types of tax, let’s get down to the difficult part – choosing which type of tax to register for. 
You might have heard media reports about the new “youth wage subsidy” that came into effect at the beginning of this year. Is this policy beneficial to business owners, and how can you implement it in your own company? Let’s find out more. 
If you contribute to a medical aid each month, you may be aware that you’re entitled to a tax credit – but how do you go about claiming it?